Despite the calls for a double topping pattern, Bitcoin is yet to enter the territory of worry.
For the time being, support can be expected from as low as $112k. However, potentially signaling a short-term recovery, BTC is testing $115k as support - previous resistance.
Continued short-term weakness could lead to a test of $112k, effectively creating a range with $120k as resistance.
Bitcoin's slow upward grinding could be a reflection of the shift in the market and its players.
For the time being, support can be expected from as low as $112k. However, potentially signaling a short-term recovery, BTC is testing $115k as support - previous resistance.
Continued short-term weakness could lead to a test of $112k, effectively creating a range with $120k as resistance.
Bitcoin's slow upward grinding could be a reflection of the shift in the market and its players.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.